Workers Compensation Institute Inc
- Assets
- $309.2k
- Revenue
- $62.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Tallahassee, FL
- Founding
- 05/1988
- Data as of
- 12/2020
- EIN
- 59-2846608
Organization Overview
Workers Compensation Institute Inc is located in Tallahassee, FL. The organization was established in 1988. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Workers Compensation Institute Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Workers Compensation Institute Inc generated $62.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (43.6%) each year. All expenses for the organization totaled $833.7k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Workers Compensation Institute Inc has awarded 12 individual grants totaling $194,747. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION SEMINARS ON WORKERS COMPENSATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEMINARS ON WORKERS COMPENSATION IN THE STATE OF FLORIDA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James N Mcconnaughhay President | Officer | 10 | $0 |
Steven A Rissman Vice President | Officer | 10 | $0 |
R Stephen Coonrod Director | Trustee | 1 | $0 |
Daniel T Jaffe Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $34 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,245 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,539 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $169,532 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,458 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,959 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,574 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,243 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $833,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $264,514 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $44,203 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $472 |
| Total assets | $309,188 |
| Accounts payable and accrued expenses | $1,575 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $200,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $927,825 |
| Total liabilities | $1,129,400 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$820,212 |
Grants Awarded
Over the last fiscal year, Workers Compensation Institute Inc has awarded $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Sarasota, FL PURPOSE: EDUCATIONAL OPPORTUNITIES AND SCHOLARSHIPS FOR KIDS OF INJURED WORKERS | $15,000 |
RED HILLS WOUNDED WARRIORS GROUP INC PURPOSE: ASSIST WOUNDED WARRIORS BACK INTO CIVILIAN LIFEPROMOTE WORK PLACE SAFETY THROUGH EDUCATIONAL EVENTS | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nhnfp Healthcare Inc Atlanta, GA | $223,126,263 | $90,563,041 |
Health Services Of Central Georgia Inc Macon, GA | $8,366,432 | $97,526,372 |
Phoebe Sumter Medical Center Inc Americus, GA | $158,309,975 | $104,741,740 |
Dci Donor Services Inc Nashville, TN | $105,092,079 | $104,977,824 |
Health Systems Facilities Inc Gray, GA | $11,137,362 | $87,801,207 |
Cumberland Medical Center Inc Knoxville, TN | $90,595,447 | $102,035,662 |
The Blood Connection Incorporated Piedmont, SC | $72,423,076 | $98,048,523 |
Georgetown Hospital System Georgetown, SC | $75,419,606 | $78,168,035 |
Intrahealth International Inc Chapel Hill, NC | $25,698,138 | $95,131,742 |
Stratum Health System Inc Sarasota, FL | $159,197,888 | $60,285,912 |
Wellstar Atlanta Medical Center Inc Marietta, GA | $0 | $67,312,967 |
Pediatric Specialty Group Inc Miami, FL | $0 | $58,299,031 |